Tax Evasion 101? Ying Du is Now Ming Du
Thanks to Lunch’er Wayne for sending along this news…
“In the time-honored spirit of Chinese restaurant tax-dodging, Ying Du (on 38th btw. 7+8th) has transmogrified into MING Du. Not sure but i believe it involves the principal fleeing back to china while holding unrecoverable debt (i.e. the business “lost” money) while the business reincorporates under a new name. cash kept, taxes forgiven, business stays open, roast pork gets eaten, everybody wins except the IRS.”
We have no comment about your theory, but the name change has been duly noted and we hope the food hasn’t changed.